U.S. Cash Grains-Corn bids steady to lower; light grain movement

August 1 (Reuters) – Spot corn basis bids were steady to slightly lower at elevators and processors around the U.S. Midwest on Friday in quiet trade, dealers said.

* Some farmers sold corn and delivered old-crop supplies in an effort to empty out on-farm storage bins ahead of the upcoming fall harvest.

* A corn bid fell by 5 cents per bushel at an Indiana processor.

* Some farmers called to price bushels of soft red winter wheat that was previously placed in delayed pricing programs as Chicago Board of Trade wheat futures rose.

* A wheat processor in Illinois increased its wheat bid by 5 cents per bushel in an effort to entice farmers to sell a few more bushels of the recently harvested grain.

* Soy trade was quiet as farmers have already sold most of their old-crop soybean supplies and were not aggressively booking sales of new-crop supplies, dealers said.

Basis values are quoted against CBOT futures in cts/bu:

                       Current         Previous         
                       Bid             Bid              
 Chicago, Illinois                                      
 Corn processors        +25   +  U          +25   +  U  UNC
 Corn elevators          -2   +  U           -2   +  U  UNC
 Soybean elevators      +45   +  Q          +45   +  Q  UNC
 Wheat elevators         -5   +  U           -5   +  U  UNC
 Wheat processors       -15   +  U          -20   +  U  UP 5
 Decatur IL corn        +30   +  U          +30   +  U  UNC
 Decatur IL soybeans   +175   +  X         +175   +  X  UNC
 Burns Harbor IN corn   -14   +  U          -14   +  U  UNC
 Burns Harbor IN soy   +125   +  X         +130   +  X  DN 5
 Lafayette IN soy       UNQ      X         +225   +  X  NC
 Toledo OH (port)                                       
 Corn                    -9   +  U           -9   +  U  UNC
 Soy                   +170   +  X         +170   +  X  UNC
 SRW wheat               +5   +  U           +5   +  U  UNC
 Davenport IA (river)                                   
 Corn                    +3   +  U           +4   +  U  DN 1
 Soy                   +130   +  X         +135   +  X  DN 5
 Evansville IN (rail)                                   
 15-car CSX corn        +12   +  U          +12   +  U  UNC
 Cincinnati OH (rail)                                   
 3-car corn              -5   +  U           -5   +  U  UNC
 Hereford TX corn      +120   +  U         +120   +  U  UNC
 Columbus OH (rail)                                     
	
3-car corn +0 + U +0 + U UNC Morris IL (river) Corn +5 + U +5 + U UNC Soybeans +35 + Q +35 + Q UNC Fort Worth TX corn +120 + U +120 + U UNC Blair NE corn -10 + U -10 + U UNC Council Bluffs, IA (elevator) Corn -15 + U -15 + U UNC Soy +100 + X +100 + X UNC Des Moines IA soy UNQ UNQ UNC Sioux City IA soy +125 + X +135 + X DN 10 NOTE: 0 = option price, UNC = Unchanged, UNQ = Unquoted, NC = Not comparable, DP = Delayed Price, Q = August, U = September, X = November ---------------------------------------------------------------- LINKS: For U.S. forward basis spreadsheets, please double-click on: - CBOT corn report - CBOT soybean report - CBOT wheat report - U.S. grain barge freight values - U.S. Midwest cash grain PM - U.S. CIF Gulf Grain - U.S. FOB Gulf Grain (Reporting by Meredith Davis in Chicago; Editing by David Gregorio)

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